Recap Ninja attempted to hold Y-1 but capped by 118 round number. Eventually flushed down to equal distance from previous week close. Closed the week below Y-1 and midpoint.
Outlook Y-1 / B-0 resistance until proven otherwise. Slingshot move from below B-1 back up to B+1 points to B+3 in play.
Lawrence's Comment
Recap
Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led ...
Lawrence's Comment
Recap
Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week's range.
Outlook
As long as B-0 acts as support, Y+2 ...
Lawrence's Comment
Recap
Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint.
Outlook
Potential break ...
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USDJPY Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Ninja attempted to hold Y-1 but capped by 118 round number. Eventually flushed down to equal distance from previous week close. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 resistance until proven otherwise. Slingshot move from below B-1 back up to B+1 points to B+3 in play.
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